Jason Granet

Jason Granet, head of LIBOR transition efforts at Goldman Sachs, shares his expertise on the crucial shift away from LIBOR. He discusses the implications for both Wall Street and Main Street, emphasizing the importance of transparency and communication throughout the financial sector. Granet outlines the progress made toward adopting alternative reference rates and highlights the role of the ISDA protocol in updating contracts. He underscores the significance of proactive client engagement to navigate the challenges and risks of this major transformation.

Beth Hammack, the global treasurer at Goldman Sachs, and Jason Granet, head of LIBOR transition efforts, delve into the nuances of LIBOR's decline and the industry's shift to alternative rates. They discuss the historical significance of LIBOR and the scandal that led to its downfall. Hammack emphasizes the anticipated improvements in market safety post-transition. The conversation highlights the regulatory efforts necessary to implement new benchmarks like SOFR and the broader implications for financial products and stakeholder education.